MANILA — The Board of Directors of Philippine National Bank (PSE: PNB) has approved the declaration of shares of PNB Holdings Corporation as property dividends effective May 3, 2021.
In a disclosure to the Philippine Stock Exchange on April 23, 2021, PNB announced that the bank declares PNB Holdings Corp. shares as property dividends, effective May 3, 2021, to the stockholders of PNB on record as of May 18, 2021.
Earlier this year, PNB obtained regulatory approval to make additional investments in PNB Holdings Corporation in exchange for certain properties of the bank.
The investment into PNB Holdings and the dividend declaration are two important phases of the bank’s stra…
Keep on reading: PNB to issue property dividends to stockholders